Kevin Warsh held his first press conference as Fed chair on Wednesday, and — unlike his precedessor — did not say what the central bank plans to do next. Despite his tight lips, markets read between the lines and predict a rate hike is coming soon. In this episode, why Warsh is rewriting the Fed’s communication style, and how it could alter the economy. Plus: Jobless claims tick down a bit, GPS shapes global infrastructure, and RV owners struggle to sell their vintage digs. Every story has an economic angle. Want some in your inbox? <a href="https://www.marketplace.org/newsletters">Subscribe</a> to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at <a href="https://www.marketplace.org/">marketplace.org</a> — and consider <a href="https://www.marketplace.org/make-a-smart-investment">making an investment</a> in our future. Read today’s stories: <ul><li><a href="https://www.marketplace.org/story/2026/06/18/unemployment-stays-low-but-so-is-hiring" class="default">Unemployment is still low, but so is hiring</a></li><li><a href="https://www.marketplace.org/story/2026/06/18/fed-chair-warsh-cant-keep-the-markets-from-extrapolating" class="default">Fed Chair Kevin Warsh is trying to keep his options open. Investors are parsing his words anyway</a></li><li><a href="https://www.marketplace.org/story/2026/06/18/why-gps-is-a-vulnerable-piece-of-global-infrastructure" class="default">GPS is a pillar of the global economy, and it's also pretty vulnerable</a></li><li><a href="https://www.marketplace.org/story/2026/06/18/used-rv-sales-are-up-but-older-rigs-arent-seeing-strong-demand" class="default">Used RV sales are up, but many large, older rigs are sitting on lots for months</a></li></ul>

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